OASES streamlines the process of setting up business
In the current climate, Hong Kong is presenting itself as an increasingly promising hub for business endeavours. With the inception of OASES, the process of business establishment is being significantly facilitated. OASES is strategically focused on nurturing four pivotal industries in Hong Kong, namely, advanced manufacturing and new-energy technology, life and health technology, artificial intelligence and data science, and financial technology.
What makes OASES unique
OASES distinguishes itself by offering adaptable and tailored solutions, effectively attracting strategic enterprises from across the globe. These solutions encompass a range of aspects, including financing, land allocation, tax considerations, and investment opportunities. A particularly significant development is the creation of a substantial $3.8 billion Co-investment Fund, designed to serve as a joint investment mechanism for enterprises making their way to Hong Kong.
The establishment of OASES
OASES is founded on three fundamental functions; one is its capacity to actively engage with strategic enterprises and conduct negotiations. Secondly, to formulate attractive bespoke measures and provide tailor-made plans to facilitate the operations of strategic enterprises in Hong Kong. And third, to provide employees of these enterprises with one-stop supporting services in areas such as visa applications and education arrangements for their children.
An all-inclusive hub for strategic enterprises
Positioned as an all-encompassing hub for strategic enterprises, OASES stands ready to provide unwavering support across the entire spectrum of the business setup journey. From the preliminary stages of planning and inception to the subsequent phases of launch and expansion, OASES assumes a pivotal role in facilitating seamless progress. The comprehensive suite of services offered by OASES spans a diverse range of areas, ensuring that enterprises receive holistic guidance and assistance throughout their evolution.
At the heart of OASES lies its commitment to fostering strategic implementation and the meticulous evaluation of business decisions. This includes supporting the decision-making process as well as establishing vital connections with key stakeholders critical to an enterprise’s success. Moreover, OASES extends its services by delivering crucial market insights specific to distinct industries.
The depth of OASES’ commitment is further underscored by its role in managing the intricate facets of business setup and ongoing support. From the realms of marketing and public relations to licensing, visa facilitation, taxation strategies, and the safeguarding of intellectual property, OASES covers an extensive array of essentials. The breadth of their involvement also spans talent acquisition schemes, government funding initiatives, and the labyrinth of business regulations.
Beyond logistics
The dedication of OASES is not confined to the purely logistical aspects and in fact, extends to simplifying the process of relocation. This encompasses a comprehensive suite of services ranging from educational support to networking opportunities, housing assistance, as well as the establishment of banking relationships. Such all-encompassing assistance underlines OASES’ commitment to rendering the transition to Hong Kong as seamless and transparent as possible.
Furthermore, OASES does not merely conclude its involvement at the point of setup. Anticipating the needs of enterprises beyond the initial stages, OASES offers aftercare services which are tailored to support the continuous expansion of businesses. This enduring commitment underscores OASES’ role as an integral partner in the ongoing growth and development of strategic enterprises.
Hong Kong is the epitome of a business-friendly economy
Hong Kong is a leading international financial and trade centre and regional innovation and technology hub, located right at the heart of Asia. Under ‘one country, two systems’, Hong Kong remains to be a free and open economy which provides businesses easy access to the Mainland China and other key Asian markets, tapping into the vast opportunities offered by the affluent Guangdong-Hong Kong-Macao Greater Bay Area and far-reaching Belt and Road Initiative.
Backed by a highly developed free market economy, coupled with its inherently low and simple tax system, robust legal framework, and their intrinsic strengths across the services, financial, and technology sectors, Hong Kong aims to provide one of the most ideal business-friendly environments to strategic enterprises.
The key advantages of doing business in Hong Kong
Hong Kong occupies a remarkable position as the world’s leading centre for offshore Renminbi business and stands as Asia’s largest biotech fundraising hub. These credentials make it a prime destination for enterprises seeking to leverage a robust capital pool to meet their financing needs.
Adding to this advantage is the HKSAR government’s strategic investment of over $14 billion across key areas such as infrastructure, training, talent development, research, and development. These initiatives provide essential support, forming a crucial foundation for the growth strategies of businesses.
The city’s strategic positioning ensures an unparalleled platform for tapping into diverse resources and connections. Ultimately, Hong Kong’s role as a financial and biotech hub, combined with government-backed initiatives and strategic positioning, establishes it as a compelling destination for enterprises seeking to grow and flourish in the Asian business landscape.
With OASES playing a pivotal role, Hong Kong is asserting itself as a conducive destination for businesses seeking growth and expansion. The comprehensive and adaptable strategies offered by OASES position it as a facilitator in the evolution of Hong Kong’s business landscape.
How to contact OASES
OASES provides free and all-rounded support to assist overseas and Mainland strategic enterprises to set up or expand their businesses in Hong Kong. To learn more about how to expand your business in Hong Kong, contact OASES or their proactive teams to learn more. For further details, please visit their website at https://www.oases.gov.hk/ or contact the OASES dedicated team head in Dubai below:
Noofal Shahin, Head of Business and Talent Attraction
Tel: +971 4 453 3888
Email: [email protected]
OASES Hong Kong office
Tel: +852 3107 1484 / +852 3755 2746
Email: [email protected]
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